Netflix founder Reed Hastings on Monday not only survived another attempt to take away his job as chairman of the board, but Forbes magazine says he’s now officially a billionaire.

During the company’s annual meeting, 53 percent of the shares were voted against a non-binding proposal to make the chairman of the company’s board of directors an independent position that can’t be held by a current Netflix employee. That means Hastings will keep his dual roles as both chairman and CEO.

Two big public pension funds, including California’s Calpers, and the two major investor advisory services, Glass, Lewis and Institutional Shareholder Services, backed the shareholder proposal that argued an independent CEO and chairman gives a public company a better chance for long-term profits and shareholder return on investment.

Last year, a similar proposal received 73 percent approval, but the board did not act. This year, the vote came with Netflix’s stock price near an all-time high and the number of subscribers for the online streaming video service soaring above 48 million worldwide.

Meanwhile, Forbes estimated Hastings’ personal net worth at more than $1 billion for the first time. The magazine estimated his company stock and options were worth more than $900 million and he had $120 million in post-tax profits from the sale of stock during the past five years.